Cobra's Market View

just bought 125 149 puts for today at $1.11. This is total bullsh*t.

Petsamo and Tradegirl, thanks for the responses. I went long with a Sept 80/95/110 butterfly spread. Hard to imagine someone at the WSJ figured out cash balance issues on BPT, its possible but its not like this is a dry hole. If there are accounting issues further down, if not then rebound back to 1...

Any thoughts on BPT from the very educated crew here?
Thanks in advance.

technical analysis no longer works in this market, the dragon fly has flown the coup

This is utter crap. So many top indicators Cobra has identified. China looking worse and worse. Volume stinks, SPX up 6 days in a row, VIX under 15. Anaconda sees a PBar to 139 on SPY, although I don't see it nor did Mr. M confirm. I wouldn't be surprised if we fell further than that next week. Long...

SPY, IWM, QQQ all testing upper bollinger band, NYMO way high, VIX not green but iron cross, short good risk reward here short term

Great calls today Cobra! For those interested there is a good short set up on INTC here I believe. 7 days up in a row and trading outside upper bollinger band. Tomorrow is ex-div so must be careful on how you play short else you may end up paying a long the dividend. Suggest selling the 29 calls for...

Find it odd that AAPL trade 575 and moved up somewhat slowly to 604 approx after earnings came out. With a blowout number of $12.30 one would think the move upward would have been more immediate and since it wasn't I'm somewhat of the opinion there may be some weakness tomorrow after the open simila...

China PMI Sunday night.